Chicago-born rapper Common and his manager are being sued by Bank of America for allegedly not making mortgage payments

Published at 4:59 PM CDT on Jul 23, 2012

Receive the latest celebrity updates in your inbox

Actor/musician Common poses for a portrait during the 2012 Sundance Film Festival at the Getty Images Portrait Studio at T-Mobile Village at the Lift on January 23, 2012 in Park City, Utah.

Celeb home foreclosures may seem uncommon, but Chicago-born rapper Common is reportedly in danger of losing his Chicago apartment after allegedly not making mortgage payments since March.

Common, or Lonnie Lynn, and his manager Derek Dudley acquired a two-bedroom condo at 100 E. 14th St. in June 2008 with a mortgage of $361,511, according to the Chicago Sun-Times.

Bank of America filed a lawsuit against Lynn and Dudley after the duo stopped making payments in March totaling $345,389.52 in debt, the Sun-Times reported.

Common’s rep reportedly emailed a statement that the two sides have reached an agreement stating, “The Chicago property is not being foreclosed on. They have reached an agreement to sell the property to an individual with a closing date set for early August. Bank of America is aware of this fact.”